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Dec 26, 2012
12/12
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FOXNEWSW
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we are joined by tax attorney marty for your taxes. >> if you want to reduce your taxes now or in 2013. >> how do you decide that? >> you have to run the numbers. are you in the alternative minimum tax rate and you have to really run your numbers and look at 2012 or 2013. you may be a higher bracket in 2013 and may want to take the deductions in 2013 rather than 2012. >> if you want to review the 2012 taxes you say prepaid state income taxes. >> if you pay the state income taxes that may be due next april 159 you have a large capitol gains maybe you sold something you can do that. one of the things you have to keep in mind in doing all of this you have to figure out the alternative minimum tax. there are two systems of taxation. the alternative minimum is a separate one you have to compute. doesn't allow you to conduct military business. you have to run the numbers both ways. for 2012 unfortunately congress hasn't even finished writing the 2012 laws let alone the fiscal cliff. they are going to be over 30 million people in taxes unless they do something called the amt patch. it is some
we are joined by tax attorney marty for your taxes. >> if you want to reduce your taxes now or in 2013. >> how do you decide that? >> you have to run the numbers. are you in the alternative minimum tax rate and you have to really run your numbers and look at 2012 or 2013. you may be a higher bracket in 2013 and may want to take the deductions in 2013 rather than 2012. >> if you want to review the 2012 taxes you say prepaid state income taxes. >> if you pay the...
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and our military essentially the cliff is a mix of expiring budgets and tax laws that spending cuts would actually go into effect in congress if it fails to act and yes economists agree that going over this proverbial fiscal cliff could very well launch the u.s. into a congressionally mandated recession we know that americans are worried about their own finances but here's a story of how the threat of the fiscal cliff is already affecting the country in unexpected ways deep budget cuts across the country forced the hand of an organ county jail which has released thirty inmates because it simply cannot afford to board them any longer and here's the kicker according to the associated press less than an hour after one of these low level offenders walked out a story say he was demanding that a bank teller hand over money but the story doesn't end there because of the steady reduction in federal subsidies there are fewer jail beds sheriff patrols parole officers and specialized investigators and prosecutors are now tossing out more than a quarter of the cases that cross their desks simpl
and our military essentially the cliff is a mix of expiring budgets and tax laws that spending cuts would actually go into effect in congress if it fails to act and yes economists agree that going over this proverbial fiscal cliff could very well launch the u.s. into a congressionally mandated recession we know that americans are worried about their own finances but here's a story of how the threat of the fiscal cliff is already affecting the country in unexpected ways deep budget cuts across...
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Dec 30, 2012
12/12
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KOFY
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if a deal is note struck, tax hikes and budget cuts will kick in. it seems unlikely they can write a comprehensive budget bill in time. they are thinking of a fall back plan. >> president obama is urging congress to focus. >> i'm optimistic that an agreement can be achieved. >> at the white house friday the president and congressional leaders spent some 70 minutes in a negotiating session and agreed to keep talking. >> it was constructive. >> it was constructive. >> i'm hopeful and optimistic. >> as snow fell on mostly deserted washington, two sides continued bargaining. if there some on deal, president obama wants smaller bill extending tax cuts making $250,000 or less and continuing unemployment benefits for millions that will lose them. >> i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> we can still avoid going over the fiscal cliff if the president and democratically controlled senate step forward to solve this problem and solve it now. >> frustration over the im
if a deal is note struck, tax hikes and budget cuts will kick in. it seems unlikely they can write a comprehensive budget bill in time. they are thinking of a fall back plan. >> president obama is urging congress to focus. >> i'm optimistic that an agreement can be achieved. >> at the white house friday the president and congressional leaders spent some 70 minutes in a negotiating session and agreed to keep talking. >> it was constructive. >> it was constructive....
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Dec 26, 2012
12/12
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WMAR
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meaningful reform on the debt. >> there's talk about a smaller deal by harry reid that would prevent tax increases on those earning less than $250,000. >>> starbucks has come up with a democratic way for people to send a message to washington. the coffee giant is asking the stores to write the words come together on all drinks served tomorrow and friday. >>> well, they invested in a finance company owned by a now infamous baltimore insurance pitch man. now that hal katz business has gone belly up, they're out of luck. investigators continue digging into the story we first brought you in october. some lost college funds, life savings after funding one of katz' companies. >> it's not just a miss proargs of money -- misappropriation of money but a lack of trust. >> how many millions are missing. >>> winter weather is here in maryland and with it a serious skin condition. how to pretext your skin from cracking in the cold. >>> plus, it's time for that after christmas shopping. and, later, running your home on a remote. we'll look at the benefits of using a home automation system. those stori
meaningful reform on the debt. >> there's talk about a smaller deal by harry reid that would prevent tax increases on those earning less than $250,000. >>> starbucks has come up with a democratic way for people to send a message to washington. the coffee giant is asking the stores to write the words come together on all drinks served tomorrow and friday. >>> well, they invested in a finance company owned by a now infamous baltimore insurance pitch man. now that hal katz...
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Dec 31, 2012
12/12
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KPIX
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the way they are behaving the only priority is tax rates for wealthiest americans are protected. >> >> reporter: if the deal is not reached they want the senate to introduce legislation to keep the tax credit for $250,000 a year and keep unemployment benefits, back to you. >> it was not all gridlock in washington, though, both parties were able to agree to a one-year extension of the farm bill that expired in october. once it is passed the bill extends the threat of milk prices doubling next month. consumers were facing the prospect of paying $7 a gallon if the dairy program lapsed. >> reporter: you can keep tabs on the if fiscal cliff talk, 24/7 bilogging on to our web site, cbssf.com. >>> checking bay area headlines, the police still searching for the police who mugged a woman and killed her dog. the woman was looking for her cell phone in her car in the tender loin on friday when a man attempted to rob here. then grab her 12-year-old dog and hurled it into traffic. the police are checking for surveillance video. the area and offering a $1,000 reward for information. >>> the police
the way they are behaving the only priority is tax rates for wealthiest americans are protected. >> >> reporter: if the deal is not reached they want the senate to introduce legislation to keep the tax credit for $250,000 a year and keep unemployment benefits, back to you. >> it was not all gridlock in washington, though, both parties were able to agree to a one-year extension of the farm bill that expired in october. once it is passed the bill extends the threat of milk...
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Dec 30, 2012
12/12
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WBAL
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, and allowing tax rates to increase on the wealthiest americans. but the issue remains a major sticking point, with many republicans resisting any tax increase. economists says the last minute product -- a process called into question washington's ability to deal with the hard issues of tax reform. >> the prospects for the economy are incredibly dim until we tackle these challenges and put some certainty into the economy and boost confidence. >> meanwhile, americans watch with worry and frustration heard >> i think they are failing as. i am so sick and tired of them. >> is it the equivalent of worrying about your mortgage after you are homeless. it is a sad. they have a job to do and they are not doing it. >> tomorrow morning, president obama will be david gregory's guest on "meet the press". you can catch his interview on 11 news at 10:00 a.m. now to today's storm, the third we saw this week. while there was snow and frederick and carroll counties, many folks might call this the good kind of snowstorm, the kind that covered the ground just enough
, and allowing tax rates to increase on the wealthiest americans. but the issue remains a major sticking point, with many republicans resisting any tax increase. economists says the last minute product -- a process called into question washington's ability to deal with the hard issues of tax reform. >> the prospects for the economy are incredibly dim until we tackle these challenges and put some certainty into the economy and boost confidence. >> meanwhile, americans watch with...
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Dec 31, 2012
12/12
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KGO
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also divide on taxes. white house wants to raise tax rates on people making more than $250,000 a year. republicans would like to keep the estate tax from going up. >> if we are not able to reach an agreement, it would be dire. >> reporter: if there is no deal today, the average american family will see a tax hike of $3400. tahman bradley, abc7 news. >> -- any chance a deal might include retiring the country's debt? >> reporter: slim to none. republicans and president obama will be fighting about the debt next year. republicans wanting to use the debt ceiling as a bargaining tool. we might be back again seeing a fight like this next year. >> tahman bradley, thank you. >>> minimum wage workers in san francisco are getting a raise in the new year. the minimum wage is increasing from $10.24 to $10.55. in;a(j 2003 voters approved ordinance tying minimum wage to inflation in the bay area compensation has gone up every year since, except between 2009 and 2010. san francisco has the highest minimum wage in the cou
also divide on taxes. white house wants to raise tax rates on people making more than $250,000 a year. republicans would like to keep the estate tax from going up. >> if we are not able to reach an agreement, it would be dire. >> reporter: if there is no deal today, the average american family will see a tax hike of $3400. tahman bradley, abc7 news. >> -- any chance a deal might include retiring the country's debt? >> reporter: slim to none. republicans and president...
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Dec 31, 2012
12/12
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KPIX
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that is the tax increases on new year's day unless a deal can be reached. now, they have been coming closer but so far not enough to come up with an agreement. >> members of congress met meetings today on capitol hill without a deal. hours before the nation is set to fall off the fiscal cliff. >> there are are still significant differences between the two sides, tpheg orbiations continue. >>> if respects and temaccurates can not strike a deal before midnight monday taxes will go up for almost every american. automatic spending cuts will kick in and millions will lose unemployment benefits. >> i want everyone to know i am willing to get had this done. i need a dance partner. >>> republicans introduced a proposal by slowing the growth of social security. senators say there is movement as both sides try to compromise about which americans should start paying a higher tax rate. >> this is a lot of give and take going on right now. but republicans don't want to see new revenues, in other words democrat tax increases being used for new spending. >> in an unusual
that is the tax increases on new year's day unless a deal can be reached. now, they have been coming closer but so far not enough to come up with an agreement. >> members of congress met meetings today on capitol hill without a deal. hours before the nation is set to fall off the fiscal cliff. >> there are are still significant differences between the two sides, tpheg orbiations continue. >>> if respects and temaccurates can not strike a deal before midnight monday taxes...
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Jan 1, 2013
01/13
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CSPAN2
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a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural deficits that undermine the soundness of our future finances. in addition, the bill that we considered last night created some additional fiscal cliffs in the very near future, within two months, within march. and one is that it doesn't address the debt ceiling. now, debt ceiling isn't about what we spend, not about the decisions on what we spend, it's whether or not we're going to pay the bill after the spending has been authorized. it's like saying to yourself, you know, when the credit card bill comes, i'm just not going to pay it. because i shouldn't have
a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural...
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Jan 1, 2013
01/13
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CSPAN2
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is the last effort that we had to tax the rich and it's backfired to where it now taxes everybody, or almost everybody. and so it desperately needed -- needed a fix. now we're talking about taxing the rich again. i hope that we can come up with some collective ways that will be certain that the people are rich and that it will last over time instead of just for a few short years. in my area of the world, the biggest thing in that bill was the estate taxes. people in own land in wyoming that they bought maybe at $40 an acre now have land that's worth $2,000 an acre or more, and they haven't figured out how to pay the taxes on these few acres that they were able to scrape together over a period of time if the amount of exemption went down to a million dollars. and that's where we were headed. and at a million dollars, they'd have to sell off part of their ranch, part of their farm in order to be able to pay the taxes when somebody died. all the time that land is making a profit, people are paying the taxes on it. then when they die, they have to pay taxes on something that they would li
is the last effort that we had to tax the rich and it's backfired to where it now taxes everybody, or almost everybody. and so it desperately needed -- needed a fix. now we're talking about taxing the rich again. i hope that we can come up with some collective ways that will be certain that the people are rich and that it will last over time instead of just for a few short years. in my area of the world, the biggest thing in that bill was the estate taxes. people in own land in wyoming that...
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Dec 31, 2012
12/12
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KRON
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the americans for tax reform. he was almost regenerating all signs from republicans, signatures -- from republicans. this became 2011, when it came to we had the demanded that it reduce the deficit. because of the debt ceiling without a deal, the u.s. would lose its ability to borrow money. democrats, republicans, wanted a stricter tactics that shut down the government and ultimately cost the american it is trouble a credit rating in the first time in history. at the last moment, they both agreed to a trillion dollars in spending cuts and 1.2 trillion to be decided by a special congressional super committee. but a poison pill was attached. if this cannot be reached, this automatic across-the-board cuts as the sequester would go into effect starting january, 2013. at the exact moment when the abortion-era tax cuts required-bush-era tax cuts could have been expired like they did two years ago but once we often got drowned out by seemingly endless and continuous elections in america. this time, there could be a serio
the americans for tax reform. he was almost regenerating all signs from republicans, signatures -- from republicans. this became 2011, when it came to we had the demanded that it reduce the deficit. because of the debt ceiling without a deal, the u.s. would lose its ability to borrow money. democrats, republicans, wanted a stricter tactics that shut down the government and ultimately cost the american it is trouble a credit rating in the first time in history. at the last moment, they both...
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Dec 24, 2012
12/12
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WRC
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a combination of factors may be weighing on their minds including the tax impact of the fiscal cliff, aftereffects of sandy and shootings in connecticut. 'tis the season for giving but many charities aren't on the receiving end. the single biggest source of revenue for most charities are down as you are big gifts from endowments. the u.s. million dollar list which tracks large donations has found that big gifts have declined for five straight years from 43 billion in 2007 to just 11 billion this year. back over to you. >> thanks. >> hail to the redskins. burgundy and gold had the sixth straight win with a win over the philadelphia eagles. robert griffin iii returned to the game throwing two touchdowns in that victory. this win sets up a thrilling end to the regular season. a winner take all showdown against dallas and as danella sealock tel-- dan hellie tells they are focused on the cowboys. >> reporter: they improved to 9-6 on the year in position to win the first division title since 1999. obviously everybody pleased with the win over the eagles but everybody after the game talkin
a combination of factors may be weighing on their minds including the tax impact of the fiscal cliff, aftereffects of sandy and shootings in connecticut. 'tis the season for giving but many charities aren't on the receiving end. the single biggest source of revenue for most charities are down as you are big gifts from endowments. the u.s. million dollar list which tracks large donations has found that big gifts have declined for five straight years from 43 billion in 2007 to just 11 billion...
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Dec 25, 2012
12/12
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FOXNEWSW
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ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> independent senator joe lieberman says he believes for the first time in the entire debate that we may be going off the fiscal cliff. he and others have said all along that there would be this fighting but right up to the deadline. they have finally come up with some sort of a deal. lieberman and others on the hill saying they think we may in fact go off the cliff. rattle the markets as you suggested, jamie. lieberman also believes the senate will be in session on new year's eve. going right up against the end of the year deadline to try to work this out, jamie. >> jamie: if any news breaks i know you will bring it to us. live from honolulu. washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy thoug
ran on that platform 250 no taxes below but taxes above. he won 60% of the voters said they were for it in the exit polls including some republicans. >> independent senator joe lieberman says he believes for the first time in the entire debate that we may be going off the fiscal cliff. he and others have said all along that there would be this fighting but right up to the deadline. they have finally come up with some sort of a deal. lieberman and others on the hill saying they think we...
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Dec 26, 2012
12/12
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FOXNEWSW
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whose taxes are going up and how much spend something going to be cut, jamie? >> jamie: an issue big enough that most people probably aren't asking what the president and mrs. obama exchanged for christmas and what was on the christmas menu. we always talk about that what do we know about how they spent their christmas? >> they have kept it very quiet. what the president is trying to do since is he likely to go back to washington tomorrow is get as much family time he's can right now with his wife, daughters and other family and friends who were here. obviously it's a little different hawaiian christmas. you can see we have got some video of some of the christmas trees here they have now brought a live christmas tree to waikiki beach. he was skinniy and had dark hair, not white hair and playing a violin. little different hawaiian christmas. in all seriousness we are expecting that the president is likely to go to the u.s. marine base here in honolulu area. he has done that the last few christmases with the first lady to feed the troops who are here. that is on
whose taxes are going up and how much spend something going to be cut, jamie? >> jamie: an issue big enough that most people probably aren't asking what the president and mrs. obama exchanged for christmas and what was on the christmas menu. we always talk about that what do we know about how they spent their christmas? >> they have kept it very quiet. what the president is trying to do since is he likely to go back to washington tomorrow is get as much family time he's can right...
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Dec 24, 2012
12/12
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CSPAN
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tax altogether. if you take someone who is on a minimum wage to works full- time, because of the tax changes we have made, their income tax bill has been cut in half. i would also make this point -- i would also make this point. because of the decisions we made in this government to increase the child tax credit by 390 pounds ahead of inflation, we have helped those families with bills and will continue to do more in the future. >> speaker, i am afraid this is very out of touch with families -- the problem is, but the chancellor did not tell us in the autumn statement was his tax will be hitting working families up and down the country. in the third year of his government, more children are going hungry and more families are relying on food banks. is it not the clearest indictment of his government's values -- while low and middle income families are hit, at the same time he is giving an average of a 107,000 pound tax cut to people earning over 1 million pounds a year. >> what is out of touch is defi
tax altogether. if you take someone who is on a minimum wage to works full- time, because of the tax changes we have made, their income tax bill has been cut in half. i would also make this point -- i would also make this point. because of the decisions we made in this government to increase the child tax credit by 390 pounds ahead of inflation, we have helped those families with bills and will continue to do more in the future. >> speaker, i am afraid this is very out of touch with...
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Dec 29, 2012
12/12
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FOXNEWSW
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clearly, i don't want taxes to go up. taxes shouldn't go up on anyone. but to only raise taxes on those who are the top earners will only fund the government something like eight days. this is something that the american people need to understand and recognize. there are big failures going on in washington and people need to take notice and hold our politicians accountable. >> arthel: michael? >> if she's right and it's only eight days, why would the republicans hold every american taxpayer hostage for eight days' worth of a deal? there should be a deal on the tax part. it should happen in the next few hours. this is an artificial deadline created by a bunch of politicians two summers ago because they couldn't consume to an agreement. so that's why we're here on the new year's eve trying to figure out how not to have taxes go up by 99.7% of americans, which is what will happen come new year's day. that's why i think you're going to get it. the politician doesn't want to be the one to say i created the largest tax hike in history. >> arthel: so michael, w
clearly, i don't want taxes to go up. taxes shouldn't go up on anyone. but to only raise taxes on those who are the top earners will only fund the government something like eight days. this is something that the american people need to understand and recognize. there are big failures going on in washington and people need to take notice and hold our politicians accountable. >> arthel: michael? >> if she's right and it's only eight days, why would the republicans hold every american...
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Dec 31, 2012
12/12
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WUSA
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. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cuts. the two sides agreed to extend them permanently for all household income under $400,000 a year for individuals, $450,000 a year for families. negotiators also agreed to prevent the al tesh tiff minimum tax on the wealthy from hitting millions of middle class families every year by permanently adjusting it to inflation. and they agreed to hike the estate tax rate from 35% to 40%, but the first $5 million worth of inheritance would be exempt from taxation permanently. the breakthugh prompted relief for many, including connecticut senator joe lieber man. >> i hope the negotiations going on now end with an agreement and i hope that we will pass it with bipartisan majority in theong senate and the house. >> reporter: but others, chiefly republicans, were angry that the deal did not include a serious package of spending cuts and might actually add to the deficit. tennessee senator bob corker. >> everybody on this body knows we've done nothing -- n
. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cuts. the two sides agreed to extend them permanently for all household income under $400,000 a year for individuals, $450,000 a year for families. negotiators also agreed to prevent the al tesh tiff minimum tax on the wealthy from hitting millions of middle class families every year by permanently adjusting it to inflation. and they agreed to...
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Dec 31, 2012
12/12
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CSPAN
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ultimately the american people will look at their property taxes, income taxes, estate taxes, sales taxes, and every other tax that they are being forced to pay and they will ask, who taxes and undermines my ability to take care of my family? mr. speaker, the history proves democrats raise taxes whenever they believe they can get away with it. conversely, history proves republicans protect as many american families as possible from democrat tax increases. mr. speaker, that is the fight the republican house fights today. republicans will fight today and republicans will fight tomorrow to protect as many american families as possible from the tax increases democrats passed when they controlled congress and the white house. and it is that difference, mr. speaker, that caused american voters to give republicans in the 2010 and 2012 elections their largest number of house of representatives victories in more than six decades. mr. speaker, fighting democrat tax increases, now that's a mandate. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from missouri,
ultimately the american people will look at their property taxes, income taxes, estate taxes, sales taxes, and every other tax that they are being forced to pay and they will ask, who taxes and undermines my ability to take care of my family? mr. speaker, the history proves democrats raise taxes whenever they believe they can get away with it. conversely, history proves republicans protect as many american families as possible from democrat tax increases. mr. speaker, that is the fight the...
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Dec 30, 2012
12/12
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KGO
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three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit, paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. the football coach whose battle off the field inspired a major turnaround on it. and tonight, he's about to return.
three days now until higher taxes for all. will there be a deal? as americans and their 401(k)s already taking a hit, paying a brice because of that standoff. >>> crash landing. the jet that skidded off the runway nearly smashing into a crowded highway. >>> and back in the game. the football coach whose battle off the field inspired a major turnaround on it. and tonight, he's about to return.
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Dec 28, 2012
12/12
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CSPAN2
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every single senator wants to prevent tax cheating, tax cheaters from receiving any funding in this bill. i'm for all of these prohibitions on tax cheats. i carry a similar provision in my usual and customary commerce-justice bill. the senator from oklahoma also is very sensitive about modifying it. his bill covers tax cheats and also dead people can't get federal funds. he modified it to cover funeral expenses. but we've also been told that this, by the finance committee that this amendment is not a blue-slip issue. i support the gentleman's amendment. and if it's agreeable with the gentleman from oklahoma on this side, we would like to take his amendment tonight. now, on the fisheries part, we don't take the fisheries part. and i oppose the division 2, the fisheries amendment, because the -- i understand the gentleman's intention, but his point is that he tries to say that fishery disaster funding should be for communities affected primarily by stafford act requirements. the stafford act covers fema certified disasters. so in order to get help from fema, which is governed by the staffo
every single senator wants to prevent tax cheating, tax cheaters from receiving any funding in this bill. i'm for all of these prohibitions on tax cheats. i carry a similar provision in my usual and customary commerce-justice bill. the senator from oklahoma also is very sensitive about modifying it. his bill covers tax cheats and also dead people can't get federal funds. he modified it to cover funeral expenses. but we've also been told that this, by the finance committee that this amendment is...
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Dec 31, 2012
12/12
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KTVU
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the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced approach. >> despite the ongoing blame game, there is consensus on 1 thing, time is running out. >>> a teenager driver led to the crashed into a concord funeral home this afternoon and police suspected damage was the result of a straight race. it happened around 2:00 this afternoon, during a service. >> all i can tell you is when it happened i turned around, the car was feet from both of us. >>> dave is at the scene right now. coming up at 630, she'll bring us a live report on what happened and what police are learning. >>> and it was a very cool you but dry day around the bay area. now with a look at how chilly it could get overnight. >>> the coo
the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promised the american people. we've been reasonable and respondent. the president is the 1 who's never been able to get to yes. >> what i ran on and what the american people elected me to do was to put fourth a balanced approach. >> despite the ongoing blame game, there is consensus on 1...
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Dec 31, 2012
12/12
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it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits smaller checks. does it sound like republicans are willing to let that go? >> seems like they are willing to let that go. senator mcconnell says no stumbling block should cutff this deal. when the democrats protested they said fine take it off the table but it talks like reed and the republican leader got stuck. they called in the bullpen. called in a senate colleague vice president joe biden. >> willing to work with whoev er can help. it remain as possible sticking point. appears to be a willingness and interest or the courage to close the deal. >> top on the republican side sound hopeful because they believe vice president biden can cut a deal but it may n
it would maphase in tax hikes or the years and prioritize spending cuts. he says he's frustrated and tried to do something. >> it was crossing the wires it's more than frustration it sounds like desperation at this point as they are losing hope. the chained cpi the social security adjustment you were talking about basically changes the way they configure the cost of living and would make those benefits smaller checks. does it sound like republicans are willing to let that go? >>...
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Dec 29, 2012
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seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware of. that was not the conversation i had with my colleagues across the aisle or with the minority leader. so, you have information that i don't have. look, we cannot solve the problem with taxes you have to do both. this country is in trouble fiscally and financially as well as ratings. if we do not do something significant, we will have a rating problem. and there will come a time that we cannot afford the interest. what is the best thing that we can do now, given the political dynamics in washington that actually makes difference
seems to be a vote on taxes. democrats will be able to pocket taxes, but it will be separate from spendsing cuts from the outset and then likely there will be another set of negotiations after the new year that will have spending cuts and taxes in it. that sounds like a recipe for democrats getting more in taxes than they would have with an up front deal. are your colleagues worried about that at all or are you? >> first of all, you are enlightening me so something that i was not aware...
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Dec 31, 2012
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there's a divide on taxes white house wants to raise tax rates on people making more than $250,000 a year, republicans would like to keep estate tax from going up. >> if we are not able to reach agreement, it would be dire. >> reporter: if there is no deal today, the average american family will ring in the new year with a $3400 tax hike. tahman bradley, abc7 news. >>> 5:38 now. the 49ers are on solid groin getting ready for a buy week, then playoffs. 9ers won the nfc west division 27-13 over arizona at the stick. thanks to the vikings beating the packers, 49ers will host a playoff game january 12th. sunday, running back gore set a franchise record scoring 51st rushing touchdown, smith appeared in the game, most likely his last as a 49er. >> it was almost, you couldn't be sure if that was a tribute or something else, it felt bad but kaepernick had a great day. >> the weather is looking great heading into your new year's eve celebrations tonight.@ y÷ >>> definitely going to be nice tonight, a lot of stars maybe high cloud or two, grab the heavy coat, going to be chilly. check out tem
there's a divide on taxes white house wants to raise tax rates on people making more than $250,000 a year, republicans would like to keep estate tax from going up. >> if we are not able to reach agreement, it would be dire. >> reporter: if there is no deal today, the average american family will ring in the new year with a $3400 tax hike. tahman bradley, abc7 news. >>> 5:38 now. the 49ers are on solid groin getting ready for a buy week, then playoffs. 9ers won the nfc west...
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Dec 29, 2012
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democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than president obama was asking for a week ago. and it will happen if it happens, because over and over and over and over again, john boehner and the house republicans could not take yes for an answer. they had to say no to this president. so they kept delaying until they were weaker. they pushed negotiations from 2011 where they were very strong, until 2012, right after the president had won re-election, and now they're pushing to 13, after the fiscal cliff hits and they get blamed. it is an odd way to negotiate. to get one republican view on what will come n
democrats will say they need that much in taxes, too. and because they've already raised rates, they got those middle class tax cuts extended, and the rich ones expired, they'll be open to do hitting through tax reform, which will be easier for republicans to swallow. let's say they do get the one to one match. that will be an $800 billion tax increase for a $1.4 trillion revenue increase in total. so democrats could easily end up when all of this is said and done with more revenue than...
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Dec 30, 2012
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this the bad guy because of the tax worse than we do. >> and ironically it is our space weaponry at this point* that devolves into the electronic space shield with a triple canopy by 2020 we could become a fascist force in the universe is like the "star wars" room stage moment to follow our conscience? were the base instinct? >> thank you. >> jake tapper third book "the outpost" talks about one of america's deadliest battles. [applause] benjamin busch an actor, a photographer film director and u.s. marine corps infantry officer serving two combat tours his book talks about his marine training and deployment during a the worst of the of war. benjamin busch. [applause] brian castner three tours of duty in the middle east from the ordnance disposal unit in iraq when he returned to life and family he said he began to struggle with an unshakable feeling. "the long walk" shows the toll that war takes. brian castner. [applause] >> enjoy men. >> it is a real honor to be here i want to think they're ready involved especially middle is a true honor to be on a panel with two veterans to serve as th
this the bad guy because of the tax worse than we do. >> and ironically it is our space weaponry at this point* that devolves into the electronic space shield with a triple canopy by 2020 we could become a fascist force in the universe is like the "star wars" room stage moment to follow our conscience? were the base instinct? >> thank you. >> jake tapper third book "the outpost" talks about one of america's deadliest battles. [applause] benjamin busch an...
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Dec 30, 2012
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i am not saying there should be an inscription or a war tax or there should be anything but it's not sustainable the way it is right now. one general in the book who preferred to go on background and not to use his name said he hoped my book would least help some people understand why we shouldn't go to war so quickly, what it is that is being sacrificed because he compared this general and excuse me, he felt like we were the relevance to fight our wars and there was completely separate reporting on the wars while not having served. it is not a problem because most of what i report on is not groups that i belong to and it's always been that case. writing this book is help may have a greater understanding and not just the difference between a first sergeant and a staff sergeant or sergeant first class. but also just what it's like to be a soldier. by never truly will understand that but i have a much greater understanding of it. i do think that when our nation goes to war, i'm not saying the policymakers, a lot of debate is flippant and there is no resemblance to the reality of these
i am not saying there should be an inscription or a war tax or there should be anything but it's not sustainable the way it is right now. one general in the book who preferred to go on background and not to use his name said he hoped my book would least help some people understand why we shouldn't go to war so quickly, what it is that is being sacrificed because he compared this general and excuse me, he felt like we were the relevance to fight our wars and there was completely separate...
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that is tax cut over 250, it's a tax increase. senator mcconnell may be trying to move that to $400,000. >> arthel: and then the notion of lowering social security payments is definitely off the table in terms of democrats' side? >> it's clear from senator reid said, they are not going to touch social security. but the president has made clear in discussions with speaker boehner, these entitlement programs will be on the table but only if it's a broader debt deal. republicans have different ideas. they want to see more cuts in spending right now. >> arthel: thank you very much. >> gregg: congress is not only facing a fiscal cliff, it's up a dairy clarify, if you will. the current farm bill is set to expire on new year's day. if an extension of that is not passed, the farm policies would revert to laws back to 1949 and cost of milk, that could skyrocket. back then the government used a formula to calculate dairy prices that is much more expensive than it is today. one option said to be on the table is short term extension that woul
that is tax cut over 250, it's a tax increase. senator mcconnell may be trying to move that to $400,000. >> arthel: and then the notion of lowering social security payments is definitely off the table in terms of democrats' side? >> it's clear from senator reid said, they are not going to touch social security. but the president has made clear in discussions with speaker boehner, these entitlement programs will be on the table but only if it's a broader debt deal. republicans have...
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Dec 29, 2012
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not allowed to exempt our manufacturers from that tax. now, we established the world trade organization at a time where we really didn't think anyone was going to compete, and we wanted to encourage other countries to build their industries, but the world has changed, and i think on a bipartisan basis, we need to push for a change in those wto, the sanction between indirect and direct taxation when it comes to tax credits for exports. sure? >> if you've come across companies that do actually export successfully in your research? >> absolutely. i talk about a number of them, and we still -- one of the companies i talked about is tucker powder. it's in alabama, and they export candy all over the world, and i described the alabama as an example of that you don't have to be on the coast to be -- to be successful at reporting, and one that they don't understand, we have a big port in alabama. they took exception with that. the point is that the -- even their pucker powder is extraordinary. they are going on trade fairs. they are going on trade
not allowed to exempt our manufacturers from that tax. now, we established the world trade organization at a time where we really didn't think anyone was going to compete, and we wanted to encourage other countries to build their industries, but the world has changed, and i think on a bipartisan basis, we need to push for a change in those wto, the sanction between indirect and direct taxation when it comes to tax credits for exports. sure? >> if you've come across companies that do...
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Dec 31, 2012
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tax rates go up on everybody on january the 2nd. everybody in the country will get a tax increase. we are going over the fiscal cliff. it will destroy our military. the first things first, let's avoid going over over the cliff. there is a deal to be had somewhere between 400,000 and 500,000 on rates. let's make sure sure we put it and the deficit. you better hope that democrats and republicans say we are not going to borrow any more money. that means adjusting the age or medicare. means testing for medicare and social security and cpi adjustments for the rate of inflation. that's what i want to raise the debt ceiling. in august 2nd of this past year 2011 we borrowed $2.1 trillion the last time we raised the debt ceiling and we've gone through that money in 17 months. we are burning money up here and it has to stop. uma: some folks are saying, why not just go over the cliff and let the country deal with it as the chips fall on that one, because some believe it's the only way to force president obama and the senate democrats to agree on fundamental tax reform. what do you think about
tax rates go up on everybody on january the 2nd. everybody in the country will get a tax increase. we are going over the fiscal cliff. it will destroy our military. the first things first, let's avoid going over over the cliff. there is a deal to be had somewhere between 400,000 and 500,000 on rates. let's make sure sure we put it and the deficit. you better hope that democrats and republicans say we are not going to borrow any more money. that means adjusting the age or medicare. means testing...
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Dec 26, 2012
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the tax rate. no matter what it is on the rich or not on the rich will not solve the big huge impending doom. >> that's right exactly right. you said it. the latest proposal from the president, of course, did not have the kind of long and short-term and mid term spending reform that we need. the federal government right now is it as we all know, spending more than a trillion dollars year upon year since the president took office, more than a trillion over budget year upon year. that has to stop. >> and you are putting faith in harry reid to come back with some proposal that will meet that in the next six days? where are you? >>ist a good question. senator reid without the past two years has not worked in -- in any very productive way with the house majority. and we do in the house represent the american people, at least as much as the senate majority does and we do need to work together and you are right. we have had roadblocks and obstructions and ignoring the bills we sent over time and time agai
the tax rate. no matter what it is on the rich or not on the rich will not solve the big huge impending doom. >> that's right exactly right. you said it. the latest proposal from the president, of course, did not have the kind of long and short-term and mid term spending reform that we need. the federal government right now is it as we all know, spending more than a trillion dollars year upon year since the president took office, more than a trillion over budget year upon year. that has...
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Dec 29, 2012
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but gary points out, the president wants more taxes only on the well to do. so taxing the rich will not get all some may want but that does not mean they should not pay what they ought to pay, and that is what they paid in 1999. okay then, okay now. you want to pay down the national debt? put everyone to work. that was doing it 15 years ago, and that can do it now. >>> that is our broadcast for tonight. we'll hope you will be around for our broadcast at 1 1:00. i will be here with erica. we'll see you then. have a great evening. bye-bye. >>> from cheating to fist fighting to a drug overdose, the biggest celebrity scandals of 2012. >>> lindsay lohan's arrest. are you afraid your daughter's going to go back to jail? >> dena's appearance with dr. phil. >> in your little shoes. >>> demi moore's wild dancing and the frantic calls to 911. >> she's convulsing. >>> "twilight's" kristen stewart caught cheating on r-pat. >>> plus a "two and a half men's" star trashing his show. >> please stop watching. >>> halle berry's ex and her fiance in a nasty brawl. the beating p
but gary points out, the president wants more taxes only on the well to do. so taxing the rich will not get all some may want but that does not mean they should not pay what they ought to pay, and that is what they paid in 1999. okay then, okay now. you want to pay down the national debt? put everyone to work. that was doing it 15 years ago, and that can do it now. >>> that is our broadcast for tonight. we'll hope you will be around for our broadcast at 1 1:00. i will be here with...
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charge this time is predatory lending caused by a significant but caused a sniff an amount of loss of tax revenues for three georgia county do these counties have a fighting chance we'll question more. it's thursday december twenty seventh four pm in washington d.c. i'm meghan lopez and you're watching our team. well we begin this hour in bahrain a country that played a major role in the arab spring uprisings but one that was often overlooked in news coverage while the world watched egypt libya and others topple their dictators the people of bahrain had a different narrative to tell now to give you some background suffering as a small island nation off the coast of saudi arabia in the gulf it's been under the rule of the all khalifa family for more than two hundred years the country is a major headquarters for the u.s. navy earning its leaders the support of both saudi arabia as well as the u.s. so while the u.s. government condemns the actions in syria many allege it's also sending arms to bahrain to quell the violence there r.t. international correspondent alexei euro cesky brings us th
charge this time is predatory lending caused by a significant but caused a sniff an amount of loss of tax revenues for three georgia county do these counties have a fighting chance we'll question more. it's thursday december twenty seventh four pm in washington d.c. i'm meghan lopez and you're watching our team. well we begin this hour in bahrain a country that played a major role in the arab spring uprisings but one that was often overlooked in news coverage while the world watched egypt libya...
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Dec 31, 2012
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almost every family that pays taxes now will pay higher taxes. people's jobs will immediately be put in jeopardy, unemployment compensation will end for more than 2 million people, our defenses will be decimated by cuts that will put us in a position of accepting really unacceptable risks to our security, title 1 programs of education for low-income children will be cut dramatically, most people, including the congressional budget office, our own congressional budget office, say that the combination of tax increases along with the decreased spending required under the budget control act will push our economy back into recession in the new year. so i don't agree that no deal is better than a bad deal. in this case, i repeat, no deal is the worst deal because it allows our country to go over the fiscal cliff and really hurts almost every american family in our country, in our economy, as a whole. this shouldn't be a surprise to us. it's not as if, if i could use the metaphor, that congress was going along in a bus and -- on a ride through the count
almost every family that pays taxes now will pay higher taxes. people's jobs will immediately be put in jeopardy, unemployment compensation will end for more than 2 million people, our defenses will be decimated by cuts that will put us in a position of accepting really unacceptable risks to our security, title 1 programs of education for low-income children will be cut dramatically, most people, including the congressional budget office, our own congressional budget office, say that the...
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Dec 27, 2012
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republicans can vote for a tax cut. democrats are in a stronger position because they have more tax cuts that they want. i would get familiar with the phrase the last train leaving the station which is always the last bill coming off capitol hill before the session ends. this gets chalked up with a lot of stuff. it could even be monday. senate has a last train leaving the station. mcconnell decides not to block amendments, gets to the floor of the senate, gets to the floor, gets passed. i don't think it's unreasonable to think that can conceivably happen. >> mike, we don't have a lot of time, but do you see that as being reasonable that mcconnell would go down that route? >> mcconnell, i don't great with steve. i've had january 10th in the pool for quite some time as the day they come to an agreement. i think the question is will the republicans have any leverage at that point to get the spending cuts and entitlement reforms that were on the table before they're going to give up their leverage? and .i think they're goin
republicans can vote for a tax cut. democrats are in a stronger position because they have more tax cuts that they want. i would get familiar with the phrase the last train leaving the station which is always the last bill coming off capitol hill before the session ends. this gets chalked up with a lot of stuff. it could even be monday. senate has a last train leaving the station. mcconnell decides not to block amendments, gets to the floor of the senate, gets to the floor, gets passed. i don't...
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tax. it's hitting the single mothers, not the quote unquote the rich. it affects all of us. gregg: obamacare taxes will begin for individuals earning more than 200,000 and couples morning here than $250,000. >> most people think this doesn't affect me. this could trickle down, a lot of people in this bracket are the ones who have small businesses. so if they are getting hit more with higher taxes i'll see possibly layoffs of one or two people, multiply that by tens of thousands small businesses you'll see the consumer spend less. gregg: congress can handle it individually because the president signed an executive order giving them all pay raises. >> it's true. gregg: unbelievable. heather. heather: coming up president obama facing another key test as he approaches the start of his second term. the ongoing battle now turning to america's ports, as a strike deadline fast approaches. doug mcelway live from washington. doug, the complaints of longshoreman whose strike was temporarily averted l
tax. it's hitting the single mothers, not the quote unquote the rich. it affects all of us. gregg: obamacare taxes will begin for individuals earning more than 200,000 and couples morning here than $250,000. >> most people think this doesn't affect me. this could trickle down, a lot of people in this bracket are the ones who have small businesses. so if they are getting hit more with higher taxes i'll see possibly layoffs of one or two people, multiply that by tens of thousands small...
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Jan 1, 2013
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payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's very uncertain and very unnerving and very -- causes a lot of anxiety and a lot of lack of sleep. >> reporter: she's the president of golden state magnetic. a $2 million a year los angeles company that inspects, cleans and paints high-tech aircraft and aerospace parts. everything from fighter jets to mars rovers. any cuts in defense spending could mean cuts in her business, too. and the waiting has her on a fiscal cliff of her own. what does it do if there's another, you know, month, two months, three months of this? >> i
payroll tax. it also kicked the can down the road on automatic spending cuts for the defense department and domestic programs. they've been postponed for two months. as lee cowan reports, that uncertainty has many business owners worried. >> reporter: jo ann vinute is running the numbers. her payroll is due this week. although she at least now has a hint on what taxes to withhold from her dozen employees, that's only half her worry. unresolved spending cuts are the other. >> it's...
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Jan 1, 2013
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congress, with tax hikes and spending cuts. hello. you are watching aljazeera, live from doha. also on the program, bargaining for peace. an effort to end the conflict in afghanistan. a brazen protest in china. activists raid the home of their friend who is being held on house arrest. and ringing in the new year. in spectacular style. we will have a look at celebrations from around the world. welcome to the program. in less than five hours from now, the u.s. is set to fall over the so-called fiscal cliff. congress will not vote by the midnight deadline to avoid spending cuts and tax hikes due on january 1. talks will resume on tuesday. earlier, barack obama said an agreement to avoid this was in sight. >> for now, our most immediate priority is to stop taxes from going up for middle-class families starting tomorrow. i think that is a modest goal that we can accomplish. democrats and republicans in congress have to get this done, but they are not there yet. they are close, but they are not there yet, and one thing we can count on with respect to this congress, if there is even o
congress, with tax hikes and spending cuts. hello. you are watching aljazeera, live from doha. also on the program, bargaining for peace. an effort to end the conflict in afghanistan. a brazen protest in china. activists raid the home of their friend who is being held on house arrest. and ringing in the new year. in spectacular style. we will have a look at celebrations from around the world. welcome to the program. in less than five hours from now, the u.s. is set to fall over the so-called...
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Dec 31, 2012
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republicans want a higher income tax threshold. republicans want to keep the estate tax from going up. and there's no agreement on what to do about automatic spending cuts. those are set to go into effect on january 2. >>> now to a deadly bus crash on a slick highway in eastern oregon. a tour bus careened off an icy section of interstate 84 yesterday morning and tumbled down a steep embankment, killing 9 and injuring more than 20 others. the bus was traveling to vancouver from las vegas. the driver survived but was too badly hurt to speak with police. >>> here is your new year's eve forecast. up to a foot of mountain snow in the southern rockies. 5 inches from kansas to southern illinois. thunderstorms from much of texas, oklahoma city, little rock and memphis. rain and mountain snow in the pacific northwest. flurries from michigan to northern new england. >> chilly from the west coast to the midwest and northeast. 20s in the northern rockies. just 2 degrees in fargo and 14 in minneapolis. 30s from chicago to new york. so just bund
republicans want a higher income tax threshold. republicans want to keep the estate tax from going up. and there's no agreement on what to do about automatic spending cuts. those are set to go into effect on january 2. >>> now to a deadly bus crash on a slick highway in eastern oregon. a tour bus careened off an icy section of interstate 84 yesterday morning and tumbled down a steep embankment, killing 9 and injuring more than 20 others. the bus was traveling to vancouver from las...
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for example, one big tax increase in the obama tax increase package is the capital gains tax rate is going to go up 58% on the higher income taxpayers. and so now in the last 50 years, every time the capital gains tax rate has been raised, capital gains revenues have declined rather than increased. and every time the capital gains tax rate has been cut, capital gains revenues increased rather than declined. and cbo has gotten it wrong every time over 50 years. and so whether you're deal -- what you're doing with obama is not just the expiration of the bush tax cuts, but obama tax goes into effect as well. the cap gains rate will go up 58% and this is going to lose revenue rather than gain revenue just as it has in the past. similarly, the tax increase on dividends. if the bush tax cut expires, along with the obamacare tax increase, the tax rate on dividends is going to increase -- actually triple. when bush cut the tax rate on dividends, dividends pay soared and so did the taxes napad on them as a result. if you reverse that tax cut and put the obamacare tax on top, dividends are goi
for example, one big tax increase in the obama tax increase package is the capital gains tax rate is going to go up 58% on the higher income taxpayers. and so now in the last 50 years, every time the capital gains tax rate has been raised, capital gains revenues have declined rather than increased. and every time the capital gains tax rate has been cut, capital gains revenues increased rather than declined. and cbo has gotten it wrong every time over 50 years. and so whether you're deal -- what...
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Dec 24, 2012
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he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially the problem the president faced with boehner two years ago. last year. can he deliver? how can you negotiate with someone who cannot deliver on his side? >> you go to people for support, at least three of whom have lost their committee assignments. how can you expect them to come over to your way of thinking? >> they were crowing when john boehner went down, taking some delight, but that was pre- cleared by the leadership. the leadership was with him. this is not a question of -- quite bluntly, leaving and losing their virginity on the issue of tax cuts. it is an important thing for these republicans who have not voted. no republican in
he said the 1 requirement i have for any deal is hiking tax rates. the reason that boehner was not able to do plan b was because it involved breaching the principle, which he did openly and said he was ready to do it. there were conservatives who would not do it. that is not a figure of the party that will be extremely hard to reconcile. if you can not, how you get a deal done before january 1? >> that is essentially the problem the president faced with boehner two years ago. last year....
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Jan 1, 2013
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write offs. >> tax write off, which is always helpful. it is really about the spirit of giving. feel fortunate good things happened this year to me. >> today's donate-thon included music, and free zoo passes. for more on how you can give go to www.ktvu.com. >>> they rarely encounter gunfire but they are arming themselves with bullet proof helmets. this equipment is special. >> the court that said today it is a risk that is up to you to take. >>> the president and congress renewed a wire tapping law. allows officials to listen in on over seas phone calls without a warrant. the government can still snoop on americans. the white house said the law provided vital to defending the country -- defending the country from terrorisms. >>> thousands of dollars of safety equipment that regulates alcohol sales. the department bought more than $70,000 worth of bullet resistant helmets and gas masks. they say it is essential to the safety of its agents, even though they are rarely exposed to gunfire. >>> 5 new driving laws go into effect tomorrow. drive
write offs. >> tax write off, which is always helpful. it is really about the spirit of giving. feel fortunate good things happened this year to me. >> today's donate-thon included music, and free zoo passes. for more on how you can give go to www.ktvu.com. >>> they rarely encounter gunfire but they are arming themselves with bullet proof helmets. this equipment is special. >> the court that said today it is a risk that is up to you to take. >>> the president...
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Dec 24, 2012
12/12
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FOXNEWSW
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people below, but taxes for people above. he won 60% of the voters said they were for it in the exit polls, including some republicans. >> and of course, if nothing is done by year's end, taxes will go up for everyone, harris. >> harris: steve centanni, thank you very much. new information tonight on the condition of president george h.w. bush. as you may know he's been hospitalized just before thanksgiving with a lingering cough from a bout with bronchitis. and doctors say that president bush is recovering, but he must build up his strength where he can go home. he's 88 years old and undergoing physical therapy to do just that, to build up his energy. however, right now, doctors are not sure if he'll be able to go home for christmas. >> right now, a new warning, north korea can deliver the world's most destructive weapon farther than ever imagined, all the way, we're being told to the u.s. main land. what you're watching here 11 days ago was a test for north korea. but south korea now asking, what if the next one is not actu
people below, but taxes for people above. he won 60% of the voters said they were for it in the exit polls, including some republicans. >> and of course, if nothing is done by year's end, taxes will go up for everyone, harris. >> harris: steve centanni, thank you very much. new information tonight on the condition of president george h.w. bush. as you may know he's been hospitalized just before thanksgiving with a lingering cough from a bout with bronchitis. and doctors say that...
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80
Jan 1, 2013
01/13
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WMAR
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a hefty spike in taxes. beau, a government contractor, and deanna, an office worker, make a combined income of about $60,000. without a deal, their income taxes will rise by roughly $2,400 a year. on top of that, like everyone else earning $110,000 or less, they'll pay higher payroll taxes to pay for social security. with or without a deal, those are set to go up across the board by 2%. and for the martins, that means they'll pay an additional $1,200 a year. income and payroll tax increases combined, the martins are looking at an additional $3,600 in 2013. and it doesn't stop there. without a deal, feeding their 2-month-old baby daughter, grace, could cost the martins a lot more, too. every american faces the potential for a huge jump in milk prices. the farm bill has stalled, and subsidies have been rolled back. without a deal securing that help for farmers, the price of a gallon of milk could shoot up to almost $7 a gallon. families paying the price at the grocery store. >> very alarming numbers here. bian
a hefty spike in taxes. beau, a government contractor, and deanna, an office worker, make a combined income of about $60,000. without a deal, their income taxes will rise by roughly $2,400 a year. on top of that, like everyone else earning $110,000 or less, they'll pay higher payroll taxes to pay for social security. with or without a deal, those are set to go up across the board by 2%. and for the martins, that means they'll pay an additional $1,200 a year. income and payroll tax increases...
97
97
Dec 26, 2012
12/12
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WMAR
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the main dispute continues to be over taxes. >>> if you want to play the slots at 2:00 in the morning, starting tomorrow you can. maryland live casino is set to kick off its first 24-hour gaming day. once the casino opens at 8:00 in the morning, it will be open around the clock. maryland live is also prepared to immediately begin making the modifications required to add table games to the floor as soon as the regulation office makes it official. >>> a new 1200-seat auditorium is set to open in ocean city in 2014. it's going to be located at the ronald e. powell convention center. construction is set to begin in the fall on the $14 million project. >>> well, some netflix customers not too happy. they wanted to curl up on the couch and watch a movie on christmas eve. they were just out of luck. the streaming service for video was out for a good chunk of the day on christmas eve. on its twitter page, netflix blamed amazon's clout and their infrastructure for that problem. netflix apologize inside that tweet, calling it terrible timing. they're back to normal now with streaming levels and
the main dispute continues to be over taxes. >>> if you want to play the slots at 2:00 in the morning, starting tomorrow you can. maryland live casino is set to kick off its first 24-hour gaming day. once the casino opens at 8:00 in the morning, it will be open around the clock. maryland live is also prepared to immediately begin making the modifications required to add table games to the floor as soon as the regulation office makes it official. >>> a new 1200-seat auditorium...
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on pleading to a rise in violence would get a tax cut at the piano or triggered the growing sectarian conflict. that later but now in egypt the country's main opposition leaders aren't investigation for allegedly inciting their supporters to overthrow president mohamed morsi approached was announced shortly after the islamist drafted new constitution in training shari'a law was officially approved in a referendum and right hand journalist neil clark explained why he thinks most is going after the opposition now. thank you wants to sort of deflect attention from the economy because the underlying problem plate the biggest we're facing is the economic crisis one of four egyptians are without jobs the economic crisis one of four he just ended subsidies on fuel which means that the prices of gas and electricity are going to rocket and so this is a kind of a sort of smokescreen for him and he was very keen to get the opposition tied up in these the legal challenges to it to sort of stop them from focusing on opposing him on the issues where he's he's very weak and i think also he be worrie
on pleading to a rise in violence would get a tax cut at the piano or triggered the growing sectarian conflict. that later but now in egypt the country's main opposition leaders aren't investigation for allegedly inciting their supporters to overthrow president mohamed morsi approached was announced shortly after the islamist drafted new constitution in training shari'a law was officially approved in a referendum and right hand journalist neil clark explained why he thinks most is going after...
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ahead understands president uses foreign companies of corruption saying they've withheld millions in taxes but some experts believe he's just trying to save face before nato forces leave. president putin says he will sign a bill which includes a ban on u.s. citizens adopting russian children you also promised to back a motion to increase domestic adoption and improve conditions for orphans inside the country the restrictions came about after washington's travel and financial sanctions against russian officials it alleges are involved in human rights violations moscow insists the counter legislation is not aimed at orphans or potential adoptive parents but it america's lax treatment of transit and lack of access to the children we spoke to an american adoption expert who says that tracking russian children are being treated in the u.s. is all but impossible. a lot of the cases have gotten very very light sentences for the caretakers whether foerster or adoptive of russian children here in the united states but we certainly have no idea how many children are enduring abuses surviving abuses
ahead understands president uses foreign companies of corruption saying they've withheld millions in taxes but some experts believe he's just trying to save face before nato forces leave. president putin says he will sign a bill which includes a ban on u.s. citizens adopting russian children you also promised to back a motion to increase domestic adoption and improve conditions for orphans inside the country the restrictions came about after washington's travel and financial sanctions against...